Can I retire at age 65 with 631,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$52,107$51,643$51,190$50,748$50,317$48,961
2 years$25,796$25,315$24,850$24,398$23,960$22,605
3 years$17,026$16,544$16,079$15,632$15,201$13,888
4 years$12,642$12,161$11,702$11,262$10,842$9,580
5 years$10,013$9,535$9,081$8,650$8,242$7,036
6 years$8,260$7,786$7,339$6,918$6,521$5,372
7 years$7,009$6,539$6,099$5,687$5,304$4,211
8 years$6,071$5,605$5,172$4,771$4,400$3,363
9 years$5,342$4,880$4,455$4,064$3,705$2,724
10 years$4,759$4,301$3,884$3,503$3,157$2,230
11 years$4,282$3,829$3,419$3,049$2,715$1,840
12 years$3,885$3,437$3,034$2,674$2,353$1,529
13 years$3,549$3,106$2,711$2,361$2,052$1,277
14 years$3,262$2,823$2,436$2,096$1,799$1,071
15 years$3,013$2,579$2,199$1,869$1,584$902
16 years$2,796$2,366$1,994$1,674$1,400$762
17 years$2,604$2,179$1,814$1,504$1,241$645
18 years$2,434$2,014$1,656$1,355$1,103$547
19 years$2,281$1,866$1,516$1,224$984$464
20 years$2,145$1,734$1,392$1,109$879$395
21 years$2,021$1,615$1,280$1,006$786$336
22 years$1,909$1,508$1,180$915$705$287
23 years$1,806$1,410$1,089$833$633$245
24 years$1,713$1,321$1,007$760$569$209
25 years$1,627$1,240$933$694$512$179
26 years$1,548$1,165$865$635$461$153
27 years$1,474$1,097$804$581$415$131
28 years$1,406$1,034$747$532$375$112
29 years$1,343$975$695$488$339$96
30 years$1,284$921$648$448$306$82
31 years$1,230$870$604$411$277$70
32 years$1,178$824$563$378$250$60
33 years$1,130$780$526$348$226$51
34 years$1,085$739$491$320$205$44
35 years$1,042$701$459$295$186$38
36 years$1,002$666$430$271$168$32
37 years$964$632$402$250$152$28
38 years$929$601$377$230$138$24
39 years$895$571$353$212$125$20
40 years$863$543$331$196$114$17
41 years$832$517$310$181$103$15
42 years$803$493$291$167$94$13
43 years$776$469$273$154$85$11
44 years$750$447$256$142$77$9
45 years$725$427$241$131$70$8
46 years$701$407$226$121$64$7
47 years$678$388$212$112$58$6
48 years$657$371$200$104$52$5
49 years$636$354$188$96$48$4
50 years$616$338$176$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $631,000, adding $3,442 every year, while hoping to spend $49,610 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 45/48/7 Blend
64$631,000$631,000$631,000$631,000
65$698,912$665,469$655,689$728,849
66$717,417$645,293$624,870$729,679
67$736,146$622,465$591,356$725,167
68$755,070$596,803$555,004$719,124
69$774,156$568,115$515,665$711,424
70$793,363$536,196$473,183$701,935
71$812,648$500,831$427,396$690,514
72$831,958$461,791$378,133$677,008
73$851,234$418,836$325,218$661,254
74$870,411$371,710$268,463$643,077
75$889,413$320,144$207,677$622,291
76$908,155$263,853$142,656$598,695
77$926,541$202,536$73,190$572,076
78$944,464$135,876$0$542,204
79$961,803$63,538$0$508,905
80$978,422$0$0$477,683
81$994,170$0$0$450,638
82$1,008,876$0$0$456,596
83$1,022,351$0$0$461,902
84$1,034,383$0$0$466,449
85$1,044,737$0$0$470,119
86$1,053,150$0$0$472,780
87$1,059,329$0$0$474,285
88$1,062,950$0$0$474,473
89$1,063,650$0$0$473,162
90$1,061,028$0$0$470,151
91$1,054,638$0$0$465,218
92$1,043,987$0$0$458,116
93$1,028,525$0$0$448,571
94$1,007,644$0$0$436,280
95$980,672$0$0$420,907
96$946,861$0$0$402,080
97$905,385$0$0$379,386
98$855,330$0$0$352,372
99$795,683$0$0$320,532
100$725,326$0$0$283,309